BNP Paribas Financial Markets Acquires 4,866 Shares of Science Applications International Co. (NYSE:SAIC)

BNP Paribas Financial Markets lifted its stake in Science Applications International Co. (NYSE:SAIC) by 79.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,023 shares of the information technology services provider’s stock after acquiring an additional 4,866 shares during the period. BNP Paribas Financial Markets’ holdings in Science Applications International were worth $1,535,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its holdings in shares of Science Applications International by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider’s stock worth $130,333,000 after buying an additional 56,414 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Science Applications International by 4.9% during the second quarter. Bank of New York Mellon Corp now owns 557,299 shares of the information technology services provider’s stock worth $65,511,000 after purchasing an additional 25,807 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Science Applications International by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider’s stock worth $72,269,000 after purchasing an additional 6,780 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Science Applications International by 8.1% during the 2nd quarter. American Century Companies Inc. now owns 378,765 shares of the information technology services provider’s stock valued at $44,524,000 after buying an additional 28,304 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in Science Applications International by 9.7% in the 2nd quarter. AQR Capital Management LLC now owns 313,802 shares of the information technology services provider’s stock worth $36,887,000 after buying an additional 27,664 shares during the last quarter. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Science Applications International Stock Down 2.3 %

Shares of SAIC stock opened at $118.06 on Monday. The stock has a market cap of $5.85 billion, a P/E ratio of 19.91 and a beta of 0.64. The company’s fifty day simple moving average is $138.09 and its two-hundred day simple moving average is $129.37. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.21. Science Applications International Co. has a 52 week low of $112.00 and a 52 week high of $156.34.

Science Applications International (NYSE:SAIC) last posted its earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.19. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the firm posted $2.05 EPS. The business’s quarterly revenue was up 2.0% on a year-over-year basis. Analysts predict that Science Applications International Co. will post 8.57 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, January 10th. This represents a $1.48 annualized dividend and a yield of 1.25%. Science Applications International’s payout ratio is presently 24.96%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a report on Friday. Citigroup boosted their price objective on Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Wells Fargo & Company lifted their target price on shares of Science Applications International from $147.00 to $154.00 and gave the stock an “overweight” rating in a research note on Thursday. StockNews.com lowered shares of Science Applications International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Finally, UBS Group initiated coverage on Science Applications International in a research note on Monday, December 2nd. They issued a “neutral” rating and a $134.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Science Applications International currently has a consensus rating of “Hold” and an average price target of $145.25.

About Science Applications International

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.